City traders cleared of rigging interest rates

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City traders cleared of rigging interest rates

Two city traders jailed for rigging interest rates have had their convictions quashed.

Tom Hayes and Carlo Palombo had been sentenced over the manipulation of the benchmark interest rate known as "Libor". Sky’s Business and Economics Correspondent, Gurpreet Narwan, reports.

Read more on the Sky News website: https://news.sky.com/story/traders-jailed-for-interest-rate-rigging-have-convictions-overturned-13400511

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Date: July 24, 2025